Spotify announces 22% increase in revenue during Q1 of 2020, 130 million subscribers Revenue up, ad sales down. Related Posts: Spotify announces HiFi streaming option coming soon Apple Music’s Isgubhu shines curatorial light on African electronic music
SoundCloud exceeds $200 million in annual revenue for the first time SoundCloud has doubled its annual gross revenue over two years to $200 million. Related Posts: SoundCloud steps into gaming with launch of Fortnite tournament, Player One Europe’s music revenue plunges 76 percent amid COVID-19 pandemic
U.S. music industry postures to make over $10 billion in revenue in 2019 This year the music industry is expected to breach $10 billion for the first time since 2007, according to a mid-year revenue report from… Related Posts: Concert industry sees devastating $30 billion loss worldwide Calvin Harris slams UK government for lack of music industry funding
Streaming services now account for 75% of music industry revenue Streaming services took home the biggest slice of the record industry pie in 2018, according to a new report from the RIAA. Related Posts: KAYTRANADA and Madlib star in two-part documentary series, ‘Driven by Sound’ Daft Punk’s ‘Homework’ and ‘Alive 1997’ to get vinyl reissue
The music industry made $43 billion in 2017, but artists only took away 12% of it It's a hard-knock life for musicians, who drive their industry in the first place. Related Posts: Concert industry sees devastating $30 billion loss worldwide Calvin Harris slams UK government for lack of music industry funding
Spotify now boasts 83 million subscribers, reports second quarter loss New numbers show Spotify's ups and downs since going public earlier this year. Related Posts: Spotify announces HiFi streaming option coming soon Apple Music’s Isgubhu shines curatorial light on African electronic music
Bitcoin technology could change the streaming industry forever A handful of new startups aim to apply Bitcoin's blockchain technology to music metadata ensures artists are paid royalties from even unauthorized streams. Related Posts: Chris Lake levers jacking basslines in his remix of Miane’s ‘Who Are You?’ Kendrick Lamar set to headline Roskilde 2021 with new material reportedly on the way
SoundCloud’s annual revenue up 43% to nearly $28 million According to data shared with'Digital Music News, SoundCloud's annual revenue is up 43% compared to last year Related Posts: SoundCloud steps into gaming with launch of Fortnite tournament, Player One Passion Pit frontman Michael Angelakos shares 39 previously unreleased demos
Credit Suisse predicts that revenue from streaming services will increase sixfold from 2015 to 2020 The financial service company estimates that the global music industry will see revenue increase in 2016 for the first time since 1998 Related Posts: Seven more accuse Derrick May of sexual harassment and assault Spotify announces 22% increase in revenue during Q1 of 2020, 130 million subscribers
